Breaking news

Video 7:26
Joyce positive despite $245 million Qantas loss

Updated
Thu 23 Aug 2012, 10:08 AM AEST

Qantas has announced large losses for the 2012 financial year, but CEO Alan Joyce says the purchase of new aircraft and a larger fleet are a positive for the airline’s growth. The airline has also announced it will cancel orders for 35 new Boeing 787s.